In luxury real estate, it always comes back to one thing: location, location, location. From breathtaking waterfront properties to some of the country’s most exclusive neighborhoods, prime spots are pulling in jaw-dropping prices, proving that even an empty piece of land can turn into a $100 million headline. That’s exactly the case for 1120 S Ocean Blvd, a rare vacant lot in Manalapan, FL, that recently made headlines in the real estate world after selling for an impressive $105,000,000 after being listed by Margit Brandt with Premier Estate Properties.
Nestled along a private oceanfront neighborhood in Palm Beach County, often referred to as “Billionaires Beach Town”, the nine-figure plot of land joins other notable real estate sales, including Oracle CTO Larry Ellison’s 16-acre ocean-to-lake estate purchased for $173 million in 2022. The sale comes courtesy of WeatherTech Founder David McNeil, who originally purchased two adjacent pieces of land for $94 million to create this 3.5-acre vacant lot with more than 342 feet of direct beachfront along the Atlantic Ocean.
For the new owner, the future construction plans are unknown, but lot size estimates suggest that a 60,000+ sq ft home could fit perfectly on the pristine, highly elevated piece of land. Set along the Intracoastal with a newly built seawall, the property sits just minutes from private airports, spots like L’Eau Palm Beach and Nobu, and everything Palm Beach Island has to offer. Whether it’s a quick run into town for dinner, an easy hop down to Miami, or simply enjoying the privacy of a beachfront escape, 1120 S Ocean Blvd is a blank canvas with endless possibilities.
GALLERY-EMBED
Images by Ryan Walblay Provided by Margit Brandt of Premier Estate Propeties
Source: Zillow